Retained Earnings - The software automatically calculates the gross profit that has accumulated year over year, and displays it here as retained earnings. Retained Earnings is simply a calculated total - so no Journal is maintained. Because this is simply a calculated total, you can't modify it directly. However by using the GL Adjustment tool, you can alter the accounts from which the earnings are calculated and hence alter your Retained Earnings.
Financial Periods Tour Using the Balance Sheet
Current Earnings - Just like Retained Earnings (above), the software calculates the gross profit of the current year and displays it as Current Earnings. Because this is a calculated amount, no Journal is maintained so you can't modify it directly. Current Earning + Retained Earning = the Business's Gross Profit since the start of the business. Just like Retained Earnings, Current Earnings is calculated by the software and cannot be adjusted directly, but you can adjust the current year’s revenue and expense using the GL Adjustment tool and therefore change the calculated Current Earning.
Opening Balance - This Account does have an associated Journal, so it is adjustable using the GL Adjustment tool. The purpose of this account is to capture the business value if the business is purchased (and has a starting value). It is recommended this account be used to adjust opening entries when you bring the software's Accounting online.
Other Equity - These accounts are created by the user and maintained using the GL Adjustment Tool. Examples of its use would be owner's equity or shares.
GL Sync Forced Balancing Entry - When you use the software's GL Verification tool, The software may find unbalanced entries between the Native Database Tables and the Audit Trail. If that were to happen, you would have the option to fix that disagreement immediately. The GL Verification process would balance the books by writing a forced adjusting entry to this Account. After determining where the unbalanced entries came from, you would use the GL Adjustment tool to move the amount from this Account to the correct target Account.